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sveta [45]
3 years ago
5

Waxwania is producing $550 of real gdp, whereas the potential real gdp (or full-employment real gdp) is $650. how large is its b

udget deficit?
Business
2 answers:
tekilochka [14]3 years ago
7 0
There seems to be an error in your question. Budget deficit is when the government spending exceeds its revenue, yet your question makes no mention of expenses. However, it seems to be referring to something we call the "negative output gap", where actual output is lower than potential output. If this is the case, then the output gap is $100. (I suspect you omitted the million as no country, not even fictional, only produces $500.)
Musya8 [376]3 years ago
3 0

Answer:

The answer is $100

Explanation:

With the data we have at our disposal on Waxwania, we can analyze that if the real GDP is $550, which would be the level of real production, that is, what it produced; and knowing that the real potential GDP is $650, that is, the level of production that the economy can reach with the efficient use of production factors, we can see that this economy is functioning at a lower level than it could. Therefore we can say that the budget deficit is $100.

Have a nice day!

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Answer:

Option D , $15.12

Explanation:

Weighted-average method :

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Ending work in process:

Materials: 1,200 units × 90%  = 1080

Equivalent units of production  =10,300+1080= 11,380

Materials

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Costs added during the period  = $173,900

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3 years ago
Consider a corrupt provincial government in which each housing inspector examines two newly built structures each week. All the
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Answer:

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c) Corrupt officials may have an incentive to reduce the provision of government services to help line their own pockets.

This statement is true. Corrupt officials will want to have private companies they can obtain bribes from provide government services. It increases the probability of them making money from bribes.

d) What if reducing the number of inspectors from 20 to 10 only increased the equilibrium bribe from $1,000 to $1,500?

Reducing the number of inspectors in hafl means that each inspector now gets twice the bribes. Because the equilibrium price did not double as did the quantity of bribes, each inspector will make less money than expected, but they will still the incentive to collect all the four bribes per week.

7 0
3 years ago
Can someone help me please? I Attached the question.<br> THANKS!!
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Answer:

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3 years ago
In its first month of operations, Culver Company made three purchases of merchandise in the following sequence: (1) 205 units at
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Answer:

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